The Evolution of Mhr Fund Management LLC Q3 2022 vs. Q4 2022 Holdings

Mhr Fund Management LLC is a hedge fund that focuses on investing in distressed debt and special situation investments. The fund was founded by Mark Rachesky in 1996 and has been operating for over 25 years. Over this period, the fund has consistently outperformed the market and generated significant returns for its investors. In Q3 2022, Mhr Fund Management LLC made several changes to its 13F holdings, which were reflected more significantly in Q4 2022.

One notable holding in the fund is Telesat Corp (TSAT.TO), which had the same amount of shares in both Q3 and Q4. However, the Q3 value of $140,854,000 decreased by 4% in Q4 to $135,263,000. Another significant holding was Titan Intl Inc. (TWI), with 8,005,000 shares in both Q3 and Q4, but with a 26.2% increase in value from $97,181,000 in Q3 to $122,636,000 in Q4.

Mhr Fund Management LLC also increased its holdings in Lions Gate Entertainment Corp. (LGF-A and LGF-B) in Q4. While the Q3 value for both was $247,057,000, Q4 saw an increase in LGF-A shares from 19,256,281 to 20,127,661 and a decrease in value of 19.7% to $114,928,000. However, there were no changes to LGF-B shares, but the Q3 value of $104,983,000 decreased by 21.9% to $82,022,000.

In Q4, Mhr Fund Management LLC invested in Iovance Biotherapeutics, with 11,997,103 shares valued at $76,661,000. The fund also increased its shares in Apollo Global Mgmt Inc (APO) with 679,000 shares for both Q3 and Q4 but with an increase of 37.2% in value from $31,574,000 to $43,313,000.

Mhr Fund Management LLC made other investments in Scholastic Corp (SCHL), Madison Square Grdn Sprt Corp (MSGS), Tailwind Internatnal Acq Corp (TWNI/U), Altice USA Inc (ATUS), Dynavax Technologies Corp (DVAX), CC Neuberger Principal Holdn (PRPC/U), Atlantic Coastal Acquistn Co (ACAHU), RMG Acquisition Corp III (RMGCU), Kismet Acquisition Two Corp (KAIIU), Twin Ridge Capital Acquis Co (TRCA/U), Anzu Special Acquisitin Corp (ANZUU), and Kismet Acquisition Three Corp (KIIIU) with varying share amounts and values.

Lastly, Mhr Fund Management LLC completely divested its shares in Eq Health Acquisition Corp (EQHA/U), Bite Acquisition Corp (BITE/U), Property Solutions Acquisiti (PSAGU), Progress Acquisition Corp (PGRWU), Z-Work Acquisition Corp (ZWRKU), SCP & Co Healthcare Acqustn (SHACU), D and Z Media Acquisition Co (DNZ/U), Ignyte Acquisition Corp (IGNYU), Boa Acquisition Corp (BOAS/U), Clarim Acquisition Corp (CLRMU), Rosecliff Acquisition Corp I (RCLFU), and DHB Capital Corp (DHBCU) in Q4.

To conclude, Mhr Fund Management LLC made significant changes to its holdings in Q4 compared to Q3. The fund is dynamic, and the changes in holdings show its commitment to generating returns for its investors. As always, it's essential to monitor its progress closely.